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Essential Purchases for a Small Business : Payroll Systems


Most recently, I worked for a small business whose owner purchased the company a little over a decade ago.  During his first few weeks evaluating the existing procedures in place he was shocked at their lackluster payroll system.  Even for the time, the time clock and payroll system were severely antiquated.  It was so bad that the last person to clock out at the end of the evening would often punch everyone else out unbeknownst to the previous owner.  Enter biometric time clocks and payroll software to back it up. 

Obviously this is an extreme case in which employees were defrauding the owner but it goes to show how truly important the right payroll system is for a small business.  Does every small business need a fancy biometric scanner or expensive payroll software?  Of course not.  That being said, business owners need to look at their payroll system to better serve not only their company but their employees as well.  At bare minimum, your payroll system should 1. Track employee hours 2. Calculate applicable taxes 3.  Calculate salary payouts.  These three are rather obvious, but what other benefits can payroll systems offer your business?

Professionalism and Morale:  

At some point in your working life, you have likely been employed somewhere where all your hours were recorded through a timesheet.  You turned the sheet in to your manager and you were paid on payday.  Sometimes you forgot to make a copy and think you might have been underpaid.  Your manager didn’t keep a copy of your sheet or maybe it’s sitting in a gigantic filing cabinet that makes it difficult to locate.  Maybe you wanted a record of your hours to use for a loan application or as experience towards a certificate or education.  A lackluster system will cause unnecessary headaches for your employees and can even deter some from wishing to remain with your company.  A strong payroll system will improve your employees morale and display to others that your business is legitimate and has their stuff together.

Developing Budgets:  

When you create your budget for the next year, nothing is more helpful than knowing exactly what you spent the previous year on hourly wages, overtime, payroll taxes and paid time off.  Factor in your anticipated revenue growth and you can fairly easily develop an accurate budget for your payroll.

Create Shift Schedules:

Yes, some payroll software can even create your employees schedule for you and allow them to view it remotely.  What can become a time consuming task for any small business owner can easily be handled by the right payroll software.  You can adjust employee information to account for availability, input time off requests and allow employees to view all of this from an internet login.  Pretty slick……

With all of that said, how do you do it?  There are numerous payroll software companies out there that can easily be found on the internet; be sure to do your research and request a trial to ensure it’s right for your business.  A cheaper option can be found in the form of a Microsoft Excel template (https://templates.office.com/en-us/Payroll-calculator-TM06101177) or, if you are savvy enough, you can even create your own.  Regardless of the way you choose to address it, you need to ensure you have a functioning payroll system to better serve your business’ needs.

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Build Your Business Back up


Business man using Jenga as building blocks to represent building the business back up
How to reopen your business during COVID

Business owners across our nation are scraping the pieces back together and wondering the same question: How do you get back on your feet after all this chaos we’ve experienced this year? The first step is to have a plan – but that’s why you’re here now, isn’t it? Let’s talk through the system of getting back on your feet as a business owner and figuring out what the next step will be for you. 

Do Your Due Diligence

There is so much information that we have to keep up with, every day. What the COVID numbers are, especially in your community or in your service area, what regulations are local businesses being held to, how often are they changing, do you have the supplies required, etc. It’s a lot to keep up with, but the important issue is that you are keeping up as much as possible. Subscribe to the channels with the most important information, be part of a group online that is discussing the local issues that affect your business, partner with someone who also keep informed about the information that is vital to how your business will move forward. Find ways to keep updated, and continuing to learn. 

A few great resources that apply to the majority of businesses are:

Create a Plan

If you are reopening your business, there is a lot of planning that goes into how you will decide to move forward. Checking and staying updated with the guidelines and news are only one part of creating your plan for reopening. Once you have all the information about the new regulations, you have a few more vital steps to consider:

Safety Procedures

It goes without saying that safety is your top priority in business these days, especially when you are reopening as a business. Safety is important for your team, as well as your customers and clients. Being that safety during COVID is in the forefront of everyone’s mind, planning out how your business will improve their standards to meet the new safety requirements, how they will be enforced, as well as how you will communicate those efforts to your team and customers is incredibly important. 

Training Your Staff

Yeah, you’ve been keeping up with all the new regulations and rules surrounding reopening during COVID, but don’t assume that your staff has kept up as well. Developing a plan and training materials to go over all the specifics about reopening with your staff needs to be done the right way. It’s important to cover all the bases, but also to conduct the training in a way that is memorable and makes sense to your team. Hiring an Instructional Design Company such as Reach You, will ensure that your training is developing and customized to meet your team’s needs. 

Marketing Your Reopen

There is a lot to prepare and a lot to consider when you are organizing your business’ reopening. With all that goes into a reopen, having a marketing strategy in place will make certain that your efforts are being recognized and launched as efficiently as possible, to get help your business gain momentum as quickly as possible. From updating your social media to giving your brand an entire facelift, you want to re-enter the business world with a BANG! Having the right marketing strategy in place is how you will accomplish that impact. 

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Turn Your Covid-19 Innovations into a Viable Business

4 Steps to Planning for Your New Business Venture

Quarantine has brought up some fantastic opportunities for many budding entrepreneurs to start creating structure for the dreams that have been occupying space in their minds. After the initial panic, many realized that they had been gifted this amazing opportunity to pour their newly freed time into creating viable plans for their visions. If you are one of these gifted individuals, then you must be wondering what steps you should be taking next – so let’s take a look at how to turn your COVID-19 innovations into a business.

1.Will Your Innovation Address a Long-Term Problem?

The best innovations are created in response to specific, urgent, and sizeable problems. In some ways, the Covid-19 crisis has made our most urgent problems and their potential solutions more obvious. For example: Health care providers needed masks; production facilities were idle; workers were furloughed and needed jobs. A social enterprise could address all three of these urgent problems simultaneously: Train workers to make masks in underused production facilities for health care providers.

But will this cluster of problems still need your solution three to five years from now?

Some coronavirus-inspired entrepreneurs are building on existing trends that have been amplified and accelerated by the pandemic, such as the explosive growth in telehealth, remote patient monitoring and the use of AI in healthcare. For example, free meal delivery services that were started to help health care workers may fall into this second category.

2. Who is Your Long-Term Market?

The next step is projecting whether there will be a large, passionate market for your product or service in a post-Covid future. User-centered design has taught us that a key to building a lasting business is having a deep understanding of who your customers are and how your product or service fits into their world.

As a Covid-19 inspired entrepreneur, ask yourself two questions: Are you delivering an innovation that your customers are passionate about? And will there be a large enough number of these passionate customers to grow a business once coronavirus is under control?

3. Prepare to Pivot

If you determine that your current target market may not be large enough in a post-Covid future, you may need to pivot, like we did. If it’s your turn for a strategic pivot, do whatever you can to pivot early, proactively, and thoughtfully. There are ample stories in the media these days of startups that are pivoting — but are doing so reactively in a frantic scramble for survival.

4. Create a Business Model

Many of today’s Covid-19 inspired innovations are being given away for free, or are supported by donations, as is appropriate during an emergency. The leaders of these startups should be aware that contributions to non-profit organizations that are not Covid-19 centric are way down. Maintaining a donation-exclusive organization over the long-run in the face of today’s economic circumstances will likely be difficult.

Covid-19 inspired innovators should consider revenue models native to the field of social entrepreneurship. Social enterprises have a dual mission of social impact and financial growth and have developed an array of business models to achieve these parallel goals. 

It is unclear at this time which of the tens of thousands of Covid-19 inspired entrepreneurs are creating products and services that will succeed in the long-term, but by going through these steps, more of today’s innovations will be the ones that people are using years and decades from now.

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Prioritizing Your Finances as a Small Business


From small businesses to international corporations; everyone has had to reevaluate their companies finances and reestablish priorities.  “Cash is king” – the old saying is timeless for a reason and owners need to look at it first.  How much cash do you have access to?  How long could your business survive if revenue stopped coming in?  While these are certainly grim thoughts that no owner likes to think about, it needs to be addressed.  Determining cash flow will allow you to make the right decisions for your business.  Establishing your business’ financial priorities will help you to better understand your cash flow situation.

  1. Payroll

Your business will be impossible to run if you don’t focus on payroll.  Whether you are the sole employee of your business or you have a hired staff, your business can’t continue if the people doing the work aren’t getting paid.  While you may need to make cuts to your staff or reduce your own salary, this needs to be a top priority with your available cash. 

  1. Keeping the Lights on

It may seem obvious but utilities are essential to your business’ ability to operate.  Speak with your providers about reduction in services where you can in order to alleviate the financial burden.  Can you change your waste pickup schedule from twice a week to once?  Is it possible to change internet plans? Get creative in reducing your utilities to free up cash for things that will help you to generate revenue.

  1. Don’t Forget to Advertise

Today more than ever, consumers are absorbing more marketing material.  Even if your customer’s livelihood has been largely unaffected by the pandemic, they are assuredly spending more time at home than before and likely consuming more media channels.  Savvy business owners will not sit back but will attack this by focusing their finances towards a strong marketing presence. 

  1. Expansion

Despite financial instability, this doesn’t mean small business owners need to be entirely conservative.  Expansion could pay tremendous dividends for a company right now.  Can you focus financial assets to a new revenue stream?  Is there a product or service in demand right now that is in line with your current business model?  Evaluate your options and do not be afraid to pursue what you see as a potential for a strong return.  

  1. (Honorable Mention) Loans

If you are a small business owner you in all likelihood have taken out loans to help fund your business.  In some cases, you tapped into the PPP loan opportunities.  Defaulting on loans is of course not a good option for your business so you will need to address this with your provider.  

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Getting Back in the Hustle: Part 1

Business Owners Finding Motivation

There is no feeling in the world like owning your own business. The autonomy is priceless, and your vision of the future is intoxicating. However, any entrepreneur is also familiar with that creeping hormonal trench you can dig yourself into when you are not used to time management or you hit a wall for the first time (or even second, third…) and start to slowly lose your motivation. What’s a business owner to do? This is especially rough when you are solo, still building your team and sense of accountability. So let’s talk about dragging yourself back into the hustle. There are countless methods to getting yourself structured properly for success, but today we’re going to talk about the first 5:

1. Know Your “WHY”

In the beginning, every business owner knows why it is that they do what they do. Sometimes they forget along the way, but it’s there if you go back to grab it. Find that reason, that “WHY” it is that you do what you do. It’s important to remind yourself every day why you started in the first place, why it is so important. Print it out, write it out – heck, bedazzle it onto the back of a jacket if you need to and wear your mission like you mean it. Whatever means you incorporate to create a tangible visible reminder, get it done so you can keep future you in-the-know. 

2. Map Out Your Plan

It’s just fine and dandy that on your best days you can just wing it and somehow make progress like it’s nobody’s business – but those days aren’t every day. Eventually you will get burnt out, frustrated, sick, or something that will blur your vision. You have to be prepared for this to happen by actively mapping out your strategy. This will be what you lean on when your weary mind is too weak to focus. It happens to the best of us, and this is why preparation is key. 

3. Build a Custom Routine

Getting yourself motivated is about getting started. For this reason, you should start every day with a great morning routine, which will help your mind and body to be alert, focused and prepared to create new habits. One of the first things you should do in the morning is review your “WHY” and your plan. Other parts of your routine can include a good hearty and nutritious breakfast to give yourself the brain food you need to push forward. 

4. Schedule “Me Time”

One of the most common characteristics of a business owner is neglecting to schedule time for themselves. Getting caught up in the details of running a business and evolving the business (not to mention all the other little visions you have along the way) becomes so consuming that everything else falls to the wayside. That’s great for a little while, when your productivity is at its peak, but eventually everyone starts to wear down. Breaking up your time with activities that free your mind, body and spirit -even for as little as 30 minutes- will greatly reduce the amount of stress that business owners put on themselves. Even though you may feel like it’s a waste of time, your body will quickly remind you that it is not.  

5. Schedule Everything

Even with a plan, it can be difficult to stay in a routine. For this reason, develop a habit of setting reminders throughout the day for the important tasks and daily goals you have set. Use your alarm, with a manageable volume, also to remind yourself to stay focused on task. An alarm that says, “Get off Facebook and back to work” would be perfect for some of us!

You can also stay on track using time blocking, or the process of setting specific durations of time in your calendar for specific work, projects or tasks.

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584